Caledonia, MN vs Grand Meadow, MN

Grand Meadow is moderately more affordable than Caledonia, with a 9.1% lower cost of living index. Caledonia scores 68 compared to 63 for Grand Meadow, where the US average is 100. This difference means residents of Caledonia can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Caledonia is $804/month compared to $498/month in Grand Meadow — a 61% difference. Interestingly, home values tell a different story: while Grand Meadow has cheaper rent, Caledonia actually has lower median home values ($148,500 vs $169,100).

Median household income in Caledonia is $69,792 compared to $68,750 in Grand Meadow (+1.5%). Caledonia does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Caledonia spend roughly 13.8% of their income on rent, more than the 8.7% in Grand Meadow.